The term Chartered Accountant (CA) is given to any accounting worker who is a certified professional from statutory authority, indicating that they are qualified to manage accounting and taxes related concerns for any organization. Filing tax returns, inspecting financial accounts, including company procedures, maintaining investment records, examining and drafting financial paperwork and reports, and so on are all important aspects of the work. An organization, commercial venture, corporates, or individuals hire a Chartered Accountant to manage their accounts and finances. They also advise customers on legal issues that might result in financial damages.
Chartered Accountants & Placement Statistics
According to a study, an entry-level CA with less than one year of experience may expect to earn around Rs 6.25 lakh per year on average (including bonus and overtime pay), based on 678 salaries. Based on 1,323 salaries, a CA with around one to four years of experience in this profession can expect to earn an average total remuneration, including variables, of almost Rs 7.08 lakh per year. Based on 616 salaries, those with five to nine years of experience may earn an average total remuneration of Rs 11.05 lakh per year.
CA's were awarded an average compensation package of roughly Rs 8.40 lakhs per annum in 2019, according to the Institute of Chartered Accountants of India (ICAI) Placement Feb-March 2019 statistics. The biggest package provided in the ICAI's 2019 placement drive was Rs 22.30 lakh per annum. Two campus drives for newly qualified CAs were held by the institute. The following table contains all relevant information:
Particulars | ICAI Campus Placement Feb- March 2019 |
|---|
Number of Companies Participated in Placement Schedule | 130 |
Total Number of Fresher CAs Attended the Interview | 6,029 |
Highest Salary Offered | Rs 22.30 LPA |
Average Salary Offered | Rs 8.40 LPA |
Percentage of Job Offered to Candidates | 42.79% |
Aspiring students should be aware that the ICAI has two placement drives each year, usually in February, March, August, and September, and that interested students may obtain the most up-to-date placement information on their official website.
Company | Package Offered (in Rs LPA) |
|---|
Bharti Airtel | 34.5 |
Offered in Singapore Company | 52 |
Offered in Dubai Company | 56 |
CA Fresher in ICAI Campus Interview | 70 |
Salary for international posting | 76.32 |
Average Placements Salaries Offered to CAs Clearing Exam in First Attempt
Multinational corporations (MNCs), private banks, and national banks have provided positions to CAs who passed the test on their first attempt. Here's what they've been offered on average over the last three years:
CA final rankers | Rs 15-25 LPA |
Cleared CA Final in a single attempt | Rs 11-15 LPA |
CA Fresher | Rs 6-9 LPA |
Some of the company-specific offered floated to such CAs are:
| Company | Salary Offered (in Rs LPA) |
|---|
| SBI Bank | 6-17 |
| Tata Company | 10-22 |
| ITC | 10-25 |
| Hindustan Unilever Ltd | 10-36 |
| ICICI Bank | 11-27 |
| Bharti Airtel | 12-22 |
| Aditya Birla Sun Life | 13-28 |
| Deloitte | 14-35 |
| KPMG | 14-32 |
| Reliance Industries | 25-45 |
Average Salaries for Chartered Accountants in Dubai, the USA, the UK, and Other Countries
Many candidates intend to work for firms in other countries after finishing the CA course. The majority of Indian CAs work in Dubai, the United States, and the United Kingdom. A fresher working as a CA in an MNC in Dubai may expect to earn around AED7,500 per month, including housing. Those working for an accounting company may expect to earn around AED6,500 per month.
As a chartered accountant with two to four years of experience, people wanting to work for corporations or enterprises in the UK may expect to earn an average yearly pay (pay+bonus) of around £56,000.
With just a few more years of experience, the candidate's average annual income will grow to almost £90,200, with the added benefit of a yearly bonus of almost £20,600.
On the other side, a student who wishes to pursue a career as a CA in the United States may expect to earn between $39,930 and $111,510 a year. The number continues to rise as a result of years of expertise.
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